Turkish Cargo revenues, volumes rise in 1H

Turkish Cargo reported cargo revenues rose 35% y-o-y in 1H18, to US$784 million. During the same period cargo volumes increased by 27.7%, to 660 thousand tonnes. Since the first half of 2017, Turkish has added two 777Fs to its eighteen-unit freighter fleet.

• Charles Kauffman
• August 10, 2018

Fraport sells its stake in Hannover Airport

Airport operator Fraport sold its 30% stake in Flughafen Hannover-Langenhagen (FHLG), the operating company of Hannover Airport (HAJ), to iCON Infrastructure Group for €109.2 million. Fraport had initially acquired a 20% stake in FHLG in 1998, followed by another 10% five years later. Fraport expects the deal will be complete within the next two months, […]

• Charles Kauffman
• August 10, 2018

Volga-Dnepr, Henan Province partner on Belt and Road initiative

Russia-based Volga-Dnepr Group signed an agreement with Henan Airport Group and Zhongyuan Asset Management to form a “trans-Siberian air bridge” as part of China’s Belt and Road initiative, aimed at redeveloping the ancient Silk Road route between Europe and Asia. The partnership will focus on the Zhengzhou Airport (CGO) and the Zhengzhou Airport Economic Comprehensive […]

• Caryn Livingston
• August 10, 2018

Rapid growth of China’s express market continues into 1H18

During the first half of this year, China’s domestic express delivery sector delivered 22.08 billion parcels, an increase of 27.5% y-o-y from 1H17.  International cross-border deliveries, which include parcels moving between mainland China, Taiwan, and Hong Kong and Macau, increased by 43.1% during the same period, to 520 million parcels, according to statistics from the […]

• Charles Kauffman
• August 10, 2018

Walmart, JD.com invest $500 million in Chinese online delivery company

Walmart and JD.com will invest $500 million in the Chinese online delivery company Dada-JD Daojia. The company was formed from the merger of JD.com’s JD Daojia online-to-offline business and Dada Nexus, the crowd-sourced delivery company. JD Daojia partners with retail stores to provide one-hour delivery services for groceries and other items, and Reuters estimates JD […]

• Caryn Livingston
• August 10, 2018

ATSG’s appetite for 767Fs to persist beyond 2019

Concurrently with the reporting of its 2Q18 financial results, during a call with financial analysts, Air Transport Services Group (ATSG) doubled-down on its commitment to the 767 platform through 2019 and beyond, signaling that it will add between six and ten of the type in 2019, and is likely to add more in 2020 and […]

• Charles Kauffman
• August 7, 2018

DP-DHL 2Q results point to ongoing post, parcel pains

While Deutsche Post-DHL Group posted operating profit (EBIT) gains in the Express, Global Forwarding and Freight, and Supply Chain segments, a year-over-year decrease of 58.5% in second quarter EBIT for the Post-eCommerce-Parcel (PeP) division weighed on the Group’s overall EBIT for the quarter, which declined by 11.2% y-o-y to €747 million. The Group’s revenue increased […]

• Caryn Livingston
• August 7, 2018

EFW redelivers first A330-200P2F to EgyptAir Cargo

On 3 August, EgyptAir Cargo took redelivery of the first A330-200 passenger-to-freighter converted aircraft from EFW, the MRO and conversion joint venture of ST Aerospace Engineering and Airbus. EgyptAir initially signed on as EFW’s launch customer with an order for two of the converted freighters in late 2014 and has since confirmed an order for a third, […]

• Caryn Livingston
• August 6, 2018

Atlas Air revenue, guidance rise again in 2Q

Atlas Air Worldwide Holdings (AAWW) reported a second-quarter net loss of $21.2 million, down from net income of $38.9 million for 2Q 2017, due to an unrealized $50 million loss on outstanding warrants. However, after adjustments, the company saw a 70.8% increase in adjusted net income, to $49.7 million. Operating income rose 4.2% to $60.9 […]

• Caryn Livingston
• August 3, 2018

YTO Express to convert former military air base into global operations hub

Earlier this week, Shanghai-based YTO Express, the parent company of YTO Cargo Airlines inked an agreement with the Jiaxing City local government to convert a 96-hectare plot of land at Jiaxing Airport (JXS) into an aviation logistics hub. Once completed, the former military airport will assume Hangzhou Xiaoshan (HGH) Airport’s current role as the main […]

• Charles Kauffman
• August 2, 2018